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The Benefits Of Employee Training and Development
Employee training and development is an organizational activity in human resource management aimed at impacting the employees with skills aimed at bettering the performance of both the individual and the organization. Training can be done to freshly recruited individuals in the firm or even those who have stayed in the organization for a longer period. Development on the other hand is specifically concerned with improving the level of service delivery from veteran employees.
Most employers consider employee training as a costly and unimportant expense to their companies. This is not the case because there are many benefits accrued to both the organization and the individual employee with this venture. Impacting your workers with the skills necessary to get the job done will boost their job morale and fewer mistakes will be made. Untrained personnel may be more costly than even the wages paid to them due to the mistakes they could easily make.
Knowing that they are cared about invested in, employees will tend to work harder in order to reciprocate the favor. Hard work eventually leads to more returns, and this might be in terms of production or even profit margins. Trained personnel will also ask for less help, ultimately improving their own efficiency further.
Employee development gives the workforce a good chance to realize their potential and eventually work at their highest level. When an employer realizes the potential in a staff member, and then sends that employee to class to improve his or her skills, the trained staff will be more willing to work at their best level of ability.
Maximizing the potential of the workforce has a direct positive impact on the business or organization’s profit levels. A trained employee can handle more responsibilities than before due to their newly acquired know-how, which in-turn, improves their versatility. Proficiency in a particular area might even reduce chances of equipment breakdowns as a result of human error, and therefore also reduce the cost of repairs.
Imparting skills to employees is also another tactic of retaining your skilled workforce. A workforce that has been trained by the company will feel as part of the company family. They will feel happier in their jobs and valued by their employer, and therefore will be more likely to stay within the firm. A trained staff will develop a sense of self-worth and dignity as they will view themselves as more valuable to the organization, which will eventually culminate in higher job satisfaction. The retention of trained staff will not only reduce the high cost of recruiting new staff but also have a positive impact on production.
The business industry is very competitive and this is partly due to the advancements in technology. To remain in fair competition in the market, a firm needs to have skilled and trained workers who are familiar with both the changes in technology and the changing tastes of the consumers. Training personnel in these new areas will improve the company’s strength in market presence.
It is necessary for companies who are contention for a fair market presence and competition to offer employee training and development programs to their personnel. Employee training and development also helps the business profit margins as well customer satisfaction.
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